Cemex Poland has entered into a long-term contract with Statkraft for the supply of green electricity from renewable sources, which is confirmed and secured by the purchase of a Guarantees of Origin (GOs). The contract is based on the cPPA (Corporate Power Purchase Agreement) formula and covers energy supplies over a period of 8 years starting January 1, 2025.
The signed contract is expected to secure about 30 % of the annual energy needs of Cemex Poland's plants. Statkraft is Europe's largest generator of energy from renewable sources.
Sourcing lower carbon electricity is part of Cemex's global “Future in Action" strategy to combat climate change.
Energy supplied to Cemex plants under the signed contract will be supplied based on a portfolio of electricity from Polish wind and photovoltaic farms. It is worth noting that the signed contract is a so-called physical energy supply contract, covering the actual energy generated from a specific group of Polish generating units supplying green energy.
The contract covers energy supply in the "baseload" product, which guarantees stable supply, of fixed amounts of energy at each hour of the day for the duration of the contract. From the point of view of both the power generator and the end user, this is the most advanced product structure in the energy market today. In addition, the contract provides greater diversification of Cemex Poland's energy purchasing portfolio.
